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US Government Passes Law to Study Blockchain

September 27, 2019 5:21 pm by FomoHunt

Washington D.C. — The  "Advancing innovation to assist law enforcement act” was passed in Congress yesterday. The Act requires the Financial Crimes Enforcement Network to study blockchain technology, which will then present its report to the Senate Financial Committee. The purpose is to analyze blockchain to see how it can combat financial crimes including money laundering. While the US has lagged behind other countries like Japan and Turkey in blockchain and cryptocurrency adoption, perhaps this study and report will give them the confidence to endorse blockchain tech as a whole.